If loans are 69,000 . excess reserves are 1,400, and checkable ...

[Diane]

If loans are 69,000 . excess reserves are 1,400, and checkable deposits are 80,000 . then the required reserve ratio must be:
 a. 1.75 percent.
  b. 12 percent.
  c. 13.75 percent.
  d. 17.5 percent.
  e. 0.12 percent.

Question 2

Which of the following is a true statement?
 a. The LDC classification is of the questionable accuracy.
  b. GDP per capita ignores the degree of income distribution.
  c. GDP per capita is affected by exchange rate changes.
  d. GDP per capita does not account for the difference in the cost of living among nations.
  e. All of these are true.

[peilian]

Answer to Question 1

b

Answer to Question 2

e